14. Calvin Wu owns a Chinese food restaurant in Taylor, MI, and is trying to decide bet expanding his current location and purchasing another, existing restaurant nearby. T predicted costs and benefits of each acquisition are reproduced below (Calvin's dise is 12%): Expansion Purchase Up-front Costs $ 160,000 $ 240,000 Working Capital Required S 5,000 $ 20,000 Yearly Depreciation $ 20,000 $ 30,000 Acquisition Value at End of 8 years $ 200,000 S 250,000 Annual Net Cash Inflows $ 50,000 $ 75,000 What is the payback period for each option? What is the Net Present Value of each option? What is the Project Profitability Index of each option? What is each option's simple rate of return? 16